- Watsco, the nation's top HVAC/R distributor, has spent the last few years investing in and implementing technology platforms - even despite being misunderstood by its industry and industry analysts.
- Akin to introverts adapting easily to social distancing, Watsco's recent technology adoption allowed it to adjust quickly to the impact of the COVID-19 pandemic.
- When it reported third-quarter results, it set new records for sales, operating income, net income, EPS and operating cash flow. Its investments in technology were paying off.
- Not only should the adjustments be permanent, the company should still be able to grow through acquisition, market share capture, and continued technology investment.
For further details see:
Watsco Sees Return On Its Technology-Pioneering Efforts